Cabinet Denies Selling Gabal al-Zeit Wind Plant To Foreign Investors

Cabinet Denies Selling Gabal al-Zeit Wind Plant To Foreign Investors

The cabinet media center dismissed as baseless media reports claiming striking a deal on selling Gabal al-Zeit wind plant to a foreign investor at a value below its construction cost.

In a statement on Wednesday 1/5/2024, the center said it contacted the Ministry of Planning and Economic Development which denied the news.

The ministry said the idea of selling the plant was not on the table, adding that the state held a tender for businessmen to invest in the plant under a 25-year usufruct right.

The center called on social media users to verify the authenticity of the news circulated to avoid confusing public opinion.